Summer Gas Prices Expected to Dip to 12 Year Low

Overview

Over the next few months we may be paying much less for gas compared to what we’ve paid during the summer in the last decade. The U.S. Energy Information Administration says drivers could soon be seeing some of the lowest summer gas prices in 12 years. Brad Vivacqua has more from outside the Speedway on Erie Boulevard in Syracuse.

SYRACUSE, N.Y. — At the Speedway on Erie Boulevard in Syracuse, folks are paying $2.23 a gallon for gas, which is a few cents above the average of $2.21 in the area.

The national average price of gas per gallon Wednesday morning is at $2.10, which has gone up in recent weeks.

Despite the small increase in recent weeks, experts believe prices will remain stable through Memorial Day and then will begin to decrease.

The Energy Information Administration is forecasting the national average will be about $2.04 this summer. That’s about 59 cents a gallon lower than the average last summer.